Etsy Sells Depop to eBay At A Loss
Etsy said Wednesday that it has agreed to sell the clothing resale app Depop to eBay for roughly $1.2 billion. The sale, which is for less than the $1.6 billion Etsy paid for it five years ago, marks ...
DoorDash Posts Strong Growth on Deliveroo Acquisition
DoorDash reported 38% higher revenue of $3.955 billion, thanks partly to the acquisition during the quarter of UK delivery firm Deliveroo. DoorDash projected a 37% lift in gross order volume in the f...
Figma Posts Accelerating Growth in Fourth Quarter
Figma shares soared as much as 16% in after hours trading Wednesday as the design software company reported a slight acceleration in fourth quarter revenue growth of 40%, up from 38% in the third quar...
Zuckerberg Testifies in LA Courtroom
Meta CEO Mark Zuckerberg testified in a Los Angeles courtroom for several hours on Wednesday morning, rebutting questions from lawyers for a young woman who has sued Meta and other tech companies alle...
Meta Revives Plan for Smart Watch, Targets 2026 Launch
Meta Platforms plans to release its first smartwatch in 2026, according to two people familiar with the matter. Meta’s plans come as other big tech companies, including Apple, OpenAI and Google, are...
Snap’s Subscriptions Business Passes $1 Billion in ARR
Snap said its subscription business had hit a $1 billion annualized revenue run rate, as the number of people paying for a Snapchat+ subscription passed 25 million. The announcement is a rare bit of g...
Robinhood’s Private Startup Fund Could Open the Floodgates
A soon to be listed Robinhood fund that invests in private startups could lay a path for Silicon Valley—including VC firms—to raise more money from individual investors. Robinhood is raising $1 b...
Perplexity Ends Ads Experiment
Perplexity is no longer offering ads, an executive told The Financial Times. The AI search startup is pulling back from this line of business as rival OpenAI started showing its users ads in ChatGPT c...
Don’t Get Tricked By Fake ‘Continual Learning’
A new holy grail has emerged in the AI industry in recent months: continual learning, or the promise of AI that’s able to learn from real-world experience the way humans do, without having to underg...
